They have people who are quite skilled statisticians, call actuaries, who fiddle over mountains of data to decide how much to charge who in order to maximize profit while still being able to offer comeptitive premiums.

Fun With Numbers Fee-only consultants, some of whom are former insurance agents, financial planners or actuaries, are independent experts who receive referrals from financial advisers, attorneys and other clients.

Doing it that way, according to the actuaries, according to the Congressional Budget Office, makes the program solvent and wipes out tens of trillions of dollars of unfunded liability, and keeps our debt levels from getting out of control.

He wouldn't read my treatment about a pilot that explored the perils facing Taiwanese actuaries assigned to calculating insurance rates for 16-year-old drivers suffering from ADHD who are also being treated for a texting addiction.

And you actuaries who were waiting for the antiselection hedge, it lies in the transparency of knowing who is contributing and who is receiving benefits, as well as the lifestyles and habits of these individuals.